ICX Pattern Prediction

14 Oca 2018

Short, unorthodox fundamental analysis on ICX, specifically relating to how it might move in the future. They have big news out next week as well (check the reddit).

The size of the moves as well as the fib retracement ligns up with certain support levels that suggest a similar, 30% move is coming in the future. These moves are often initiated by news, which happens to be coming out this week for this company.

Resistances drawn at the 4h close. Fib using the wicks. Symmetric triangle on the latest consolidation.

My first published idea. Please give me some feedback!